New car registrations up 9.3% in July

July 2012 new car registration figures: New car registrations were up 9.3% in July according to the latest figures released today by the SMMT.

143,884 cars were registered in the month, with the market 9.3% or 12,250 units up on July 2011 (which was down 3.5% on July 2010).

“New car registrations rose 9.3% in July, continuing the upward trend seen during recent months. SMMT’s full year forecast is for 1.97 million cars to be registered during 2012 suggesting a slight slowing of demand in the second half of the year,” said Paul Everitt, SMMT Chief Executive. “International economic stability remains a concern for vehicle manufacturers and the UK market, but intense competition and new fuel efficient products are creating great opportunities for motorists.”

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